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MARKETS / NYSE / DDL
NYSE · RETAIL-CATALOG & MAIL-ORDER HOUSES · LARGE CAP

Dingdong (Cayman) Ltd. DDL

7 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 24.4B
▲ 5.6% YoY
CNY 231.7M
▼ 23.9% YoY
CNY 357.8M
▼ 56.9% YoY
In brief

What this company does

Dingdong directly provides users and households in mainland China with fresh groceries, prepared food and other food products. The company's GMV rose from RMB21,969.3 million in 2023 to RMB25,557.4 million in 2024, and further to RMB26,436.2 million (US$3,780.3 million) in 2025. As of December 31, 2025, the company had located more than 1,100 frontline fulfillment stations in 28 cities, serving its users across the country. It manages its fulfillment network by regional clusters, so that the supply chain and management resources of cities in close proximity can complement each other. The company's private label products are produced primarily in its self-operated production plants and by third-party manufacturers required to follow its food recipes and production protocols. The company traces its core capabilities to its inception in 2017.

Written from the business description in Dingdong (Cayman) Limited's annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 24.4B
Revenue, FY2025 · full 7-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 24.4 · Net income 0.2
10.0B20.0B-2.5B-5.0B2019202020212022202320242025
Compound annual growth
+0.2%
+16.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 0.5% · Net 1.0%
-20%-40%2019202020212022202320242025
ROE
FY2025 · ROE 25.2%
20%40%-50%-100%-150%2019202020212022202320242025

Each CNY of equity produced 25 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 0.4
0.4B0.8B-2.5B-5.0B2019202020212022202320242025

Total assetsCNY 7.0B
EquityCNY 1.0B
CashCNY 1.1B
Gross debtCNY 871.5M
Net debtCNY -235.3M
Current ratio1.05×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 2025202420232022202120202019
Revenue CNY B24.423.120.024.220.111.33.9
Operating income CNY B0.10.2−0.1−0.8−6.4−3.2−1.7
EBITDA CNY B0.20.30.0−0.6−6.2−3.0−1.7
Income tax CNY B0.00.00.00.00.00.00.0
Net income CNY B0.20.3−0.1−0.8−6.4−3.2−1.9
Free cash flow CNY B0.40.8−0.3−0.0−6.1−2.3−1.1
EPS, diluted CNY ·····−54.91−32.45
Dividend / sh CNY ·······
Payout %·······
ROE %25.251.5−26.4−155.4···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 21 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Catalog & Mail-Order Houses
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2019

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